{"id":119612,"date":"2020-12-25T21:30:07","date_gmt":"2020-12-25T14:30:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/danke-stops-property-listings-on-its-rental-app-in-china-as-it-beats-back-talk-of-viability-less-than-a-year-after-new-york-stock-sale\/"},"modified":"2020-12-25T22:06:56","modified_gmt":"2020-12-25T15:06:56","slug":"danke-stops-property-listings-on-its-rental-app-in-china-as-it-beats-back-talk-of-viability-less-than-a-year-after-new-york-stock-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/danke-stops-property-listings-on-its-rental-app-in-china-as-it-beats-back-talk-of-viability-less-than-a-year-after-new-york-stock-sale\/","title":{"rendered":"Danke stops property listings on its rental app in China as it beats back talk of viability less than a year after New York stock sale"},"content":{"rendered":"


\nDanke, battling speculations about its financial viability less than a year after its New York initial public offering, appears to have ceased operating its home rental referral platform in China.The smartphone application of the Beijing-based company, formally known as Phoenix Tree Holding, has stopped listing vacant homes available for rent, their prices, photos or any other information. Danke\u2019s executives could not be reached for comment on Christmas Day, a normal business and market day in\u2026
\n
\nSource : South China Morning Post
\nRead more…Danke stops property listings on its rental app in China as it beats back talk of viability less than a year after New York stock sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Danke, battling speculations about its financial viability less than a year after its New York...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-119612","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-v7e","jetpack-related-posts":[{"id":119269,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/evicted-tenants-unpaid-landlords-furious-at-cash-strapped-new-york-listed-chinese-home-rental-platform-danke\/","url_meta":{"origin":119612,"position":0},"title":"Evicted tenants, unpaid landlords furious at cash-strapped, New York-listed Chinese home rental platform Danke","date":"November 18, 2020","format":false,"excerpt":"\r The evictions of tenants from flats in mainland China leased by one of the country\u2019s biggest online home rental platforms has sparked renewed concerns about financial risks in the highly leveraged, fast-growing sector.New York-listed Phoenix Tree Holdings, commonly known as Danke, having taken upfront payments from tenants who had\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119395,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-media-lay-into-new-york-listed-home-rental-platform-danke-as-they-urge-authorities-to-not-let-exploiters-get-away\/","url_meta":{"origin":119612,"position":1},"title":"Chinese media lay into New York-listed home rental platform Danke as they urge authorities to not let exploiters get away","date":"December 1, 2020","format":false,"excerpt":"\r China\u2019s state media urged authorities to take a hard look at the rental apartment industry after a liquidity crunch at New York-listed services provider Danke sparked an outcry from furious landlords and tenants across the country.Danke, officially known as Phoenix Tree Holding, rents flats from landlords on a long-term\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rental-properties-are-the-new-gold-in-china-for-overseas-investment-funds\/","url_meta":{"origin":119612,"position":2},"title":"Rental properties are the new gold in China for overseas investment funds","date":"June 12, 2018","format":false,"excerpt":"\r Overseas private equity funds have been piling into China\u2019s rental flat sector in the past few months, on the back of strong government support and shifting consumption patterns among the younger generation. Tiger Global Management, a US-based global investment firm, led a US$70 million financing round on Beijing-based rental\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119542,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-tenants-landlords-left-dismayed-by-danke-debacle-after-us-listed-firm-fails-to-pay-up-leading-to-evictions\/","url_meta":{"origin":119612,"position":3},"title":"Chinese tenants, landlords left dismayed by Danke debacle after US-listed firm fails to pay up, leading to evictions","date":"December 15, 2020","format":false,"excerpt":"\r For Henry Wang and thousands of other young tenants across China, the business model pitched by one of China\u2019s largest rental specialists seemed to be exactly what they were looking for \u2013 a win-win arrangement in which they were offered a decent place to live at an affordable price\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96527,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/beijings-lessors-cave-in-to-public-pressure-adding-more-flats-for-leasing-as-home-rents-rise\/","url_meta":{"origin":119612,"position":4},"title":"Beijing\u2019s lessors cave in to public pressure, adding more flats for leasing as home rents rise","date":"August 23, 2018","format":false,"excerpt":"\r Accusations that property operators are a primary cause for Beijing\u2019s runaway rents prompted some of them to pledge to put more affordable units on the market. Ten of the city\u2019s rental flat operators, including Ziroom, Danke and Izu (the rental brand of 5I5J) will add a total of 120,000\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-firms-seeking-hong-kong-listings-amid-us-hostility-may-help-buoy-flagging-office-rental-market-as-space-the-size-of-lippo-centre-abandoned\/","url_meta":{"origin":119612,"position":5},"title":"Chinese firms seeking Hong Kong listings amid US hostility may help buoy flagging office rental market as space the size of Lippo Centre abandoned","date":"July 16, 2020","format":false,"excerpt":"\r Companies are giving up their office space in Hong Kong at an almost unprecedented rate as the economy tanks in the wake of Covid-19, which piled further misery on top of the city\u2019s year-long political crisis.But observers say there is a glimmer of hope for the world\u2019s most expensive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119612"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=119612"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/119612\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=119612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=119612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=119612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}